5841 COLUMBUS AVE MINNEAPOLIS MN 55417

PID: 2302824320077

Property Overview

Parcel ID2302824320077

Lot Size6,584 sq ft (0.151 ac)

Lot Dimensions (est.)132 ft wide × 50 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerHARRY NELSON PEACOCK

Assessed Value$439,000

Land Value$164,000

Building Value$275,000

Annual Tax$6,672

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2019 · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

ExistresOct 2019Closed

CenterPoint Energy Resource Corp

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Diamond Lake · Minneapolis

Median reported rent1,284/mo

Renter-occupied43.4%

Median home value$373K

Vacancy rate7.4%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 120.03

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth92 ft

Area~3,666 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 3,666 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5845 COLUMBUS AVE MINNEAPOLIS MN 55417	B J MAREK & L L MAREK	RESIDENTIAL	$430,800	50 ft
5837 COLUMBUS AVE MINNEAPOLIS MN 55417	D M WILLIAMS & N J WILLIAMS	RESIDENTIAL	$533,000	50 ft
5833 COLUMBUS AVE MINNEAPOLIS MN 55417	N R KREKULA & H G KREKULA	RESIDENTIAL	$444,300	100 ft
5840 CHICAGO AVE MINNEAPOLIS MN 55417	NGAWANG DAKPA	RESIDENTIAL	$386,300	142 ft
740 59TH ST E MINNEAPOLIS MN 55417	SEAN M DALEY	RESIDENTIAL	$377,200	150 ft
5829 COLUMBUS AVE MINNEAPOLIS MN 55417	LAUREL B SANDBERG	RESIDENTIAL	$529,200	150 ft
5836 CHICAGO AVE MINNEAPOLIS MN 55417	JOHN EVANS & JENNIFER EVANS	RESIDENTIAL	$404,200	151 ft
5901 COLUMBUS AVE MINNEAPOLIS MN 55417	D & B WATTS	RESIDENTIAL	$486,300	162 ft
5832 CHICAGO AVE MINNEAPOLIS MN 55417	LARRY J PETERSEN TRUST ETAL	RESIDENTIAL	$378,200	175 ft
5844 COLUMBUS AVE MINNEAPOLIS MN 55417	JAMES MAYER	RESIDENTIAL	$498,000	180 ft

Property History

Most Recent Sale

Date200411

Price$307,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$6,672